SYDNEY, Dec 14 (Reuters) - Higher cost nickel miners are set to start shutting down due to weak nickel prices that have left about half the global sector operating at a loss, Australia's Independence Group IGO.AX said.
"We are at price levels that are unsustainable in the long term," Independence Managing Director Peter Bradford said.
"The capacity that will be shutting down will be the higher-cost nickel mine production," he said.